New York Senate passes moratorium to ban carbon-based crypto mining

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New York Senate passes moratorium to ban carbon-based crypto mining

The New York Senate has passed a bill that bans crypto mining operations that use carbon-based fuel to power their facilities. The bill specifically is targeting proof-of-work mining, which is one of the two most popular mechanisms cryptocurrencies use to verify new transactions on the blockchain and make new tokens, but it uses a lot […]

New York Senate passes moratorium to ban carbon-based crypto mining

2022-06-04 05:03

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